I would appreciate thoughts on the following:
H died in April 2022 followed by W in Sept 2022.
H Will includes a NRBDT with residuary estate to W. No paperwork was put in place in respect of NRBDT and HMRC has accepted that NRBT was a debt payable from W estate.
W main asset is a property still to be cleared and marketed and it will be some time before there is sufficient cash in W estate to repay the debt to the NRBDT.
The trustees are keen to collapse the NRBDT and therefore, is it possible for the trustees of the NRBDT to appoint the chose in action from W estate to the beneficiaries of the NRBDT, rather than waiting for the NRBDT to receive cash from W estate and then appoint the cash out of the NRBDT?
Many thanks in advance for your thoughts